TDS on property sale and purchase!

An individual’s income is subject to an indirect tax known as TDS. The TDS is withheld at source from both recurring and one-time income at the time of payment. For instance, if someone wins the lottery, their proceeds will be distributed to them after the appropriate withholding tax has been subtracted. The same holds for […]

How can I pay the Vasai-Virar VVMC property tax?

The Vasai Virar City Municipal Corporation’s (VVMC) internet site provides a platform where people may pay their property taxes quickly. Furthermore, it may be used with the help of consumers to publish various provider demands. The Vasai Virar City Municipal Corporation (VVMC) levies a tax on all immovable properties within its jurisdiction. Every year, the […]

TDS on the sale of immovable property is proposed to be amended in Budget 2022

For the Finance Budget 2022, Finance Minister Nirmala Sitharaman suggested a 1% TDS (Tax Deduction at Source) on non-agricultural immovable property valued at over Rs 50 lakh, depending on the sale price or stamp duty value, whichever is larger.

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